Common use of Employment Period; Remaining Unexpired Employment Period Clause in Contracts

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“Employment Period”). The Employment Period shall be for an initial term of two years beginning on the date of this Agreement. Upon the first anniversary of the date of this Agreement (an “Anniversary Date”), and on each Anniversary Date occurring thereafter, the Board of Directors of the Bank (“Board”) shall review the terms of this Agreement and the Executive’s performance of services hereunder and may, in the absence of objection from the Executive, approve an extension of the Employment Agreement pursuant to a resolution duly adopted by the members of the Board.

Appears in 3 contracts

Samples: Employment Agreement (Merrill Merchants Bancshares Inc), Employment Agreement (Merrill Merchants Bancshares Inc), Employment Agreement (Merrill Merchants Bancshares Inc)

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Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 ("Employment Period"). The Employment Period shall be for an initial term of two (2) years beginning on the date of this Agreement. Upon Prior to the first (1st) anniversary of the date of this Agreement (an “Anniversary Date”), and on each anniversary date thereafter (each, an "Anniversary Date occurring thereafterDate"), the Board of Directors of the Bank Association ("Board") shall review the terms of this Agreement and the Executive’s 's performance of services hereunder and may, in the absence of objection from the Executive, approve an extension of the Employment Agreement. In such event, the Employment Agreement pursuant shall be extended to a resolution duly adopted by the members second (2nd) anniversary of the Boardrelevant Anniversary Date.

Appears in 2 contracts

Samples: Home Federal Savings and Loan Association of Elgin Employment Agreement (Home Bancorp of Elgin Inc), Home Federal Savings and Loan Association of Elgin Employment Agreement (Home Bancorp of Elgin Inc)

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 ("Employment Period"). The Employment Period shall be for an initial term of two three years beginning on the date of this Agreement. Upon Prior to the first anniversary of the date of this Agreement (an “Anniversary Date”), and on each anniversary date thereafter (each, an "Anniversary Date occurring thereafterDate"), the Board of Directors of the Bank ("Board") shall review the terms of this Agreement and the Executive’s 's performance of services hereunder and may, in the absence of objection from the Executive, approve an extension of the Employment Agreement. In such event, the Employment Agreement pursuant shall be extended to a resolution duly adopted by the members third anniversary of the Boardrelevant Anniversary Date.

Appears in 2 contracts

Samples: Employment Agreement (Big Foot Financial Corp), Employment Agreement (Big Foot Financial Corp)

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Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section Section 2 ("Employment Period"). The Employment Period shall be for an initial a term of two three years beginning on the date of this Agreement. Upon Prior to the first anniversary of the date of this Agreement and on or prior to each anniversary date thereafter (each, an "Anniversary Date"), and on each Anniversary Date occurring thereafter, the Board of Directors of the Bank ("Board") shall review the terms of this Agreement and the Executive’s 's performance of services hereunder and may, in the absence of objection from the Executive, approve an extension of the Employment Agreement. In such event, the Employment Agreement pursuant shall be extended to a resolution duly adopted by the members third anniversary of the Boardrelevant Anniversary Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Camner Alfred R)

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